EPS, Siloviye Mashiny sign agreement on HPP Đerdap 2 revitalization
Public power utility Elektroprivreda Srbije (EPS) and Russia’s Siloviye Mashiny have signed an agreement on the overhaul of the Đerdap 2 hydropower plant (HPP), which would increase its capacity. During Russian President Vladimir Putin’s to Serbia, the two countries’ officials signed two memoranda, on cooperation in the electricity sector and on cooperation in the development […]
Massive hike in electricity prices prompts state measures in Bulgaria
Three subsidiaries of state-owned power utility Bulgarian Energy Holding EAD (BEH) will provide an additional amount of electricity on the day-ahead market (DAM) of the Independent Bulgarian Energy Exchange (IBEX) in order to stabilize the market. According to local media, the DAM prices increased 50% in December 2018 compared to December 2017, skyrocketing 200% year-on-year in […]
EIB launches public consultation on its energy lending policy
The European Investment Bank (EIB), one of the largest financiers of global energy infrastructure, has launched a new public consultation on financial and advisory support for the sector, to strengthen the impact of its future energy lending, according to a press release from the EU lender. Over the next three months, the EIB will engage […]
How is Balkan region progressing on energy and climate plans?
Bulgaria, Cyprus, and Greece are among 7 EU member states that failed to submit drafts of their National Energy and Climate Plans (NECPs) to the European Commission by the December 31, 2018 deadline. In the region, Romania, Slovenia, and Croatia have officially published their draft plans, while Albania, Macedonia, Montenegro, Kosovo*, Serbia, and Bosnia and […]
MITEF Greece Startup Competition introduces Energy and Mobility Track
The deadline to file entries for the MIT Enterprise Forum (MITEF) Greece Startup Competition, which this year introduces the Energy and Mobility track, is January 31. The MITEF Greece Startup Competition is a business skills accelerating competition in which Greek technology startups compete for prizes and international brand recognition. This year MIT Enterprise Forum Greece, part […]
Conservatism still dominates Serbian energy sector, potential of energy transition underestimated
To help accelerate Serbia’s energy transition and reduce emissions, it would perhaps be best for state power utility Elektroprivreda Srbije (EPS) to build a major, 300 MW solar power plant as a first step. In the long run, the solar power plant’s output would be cheaper than that of any coal-fired power plant, Nikola Rajaković, […]
EFET urges Romania to scrap tax hike for electricity sector
The European Federation of Energy Traders (EFET) has called on the Romanian government to urgently suspend the enforcement of the turnover tax for the electricity sector because it would lead to an unprecedented increase in turnover fees by 2,000%. According to Romanian media, the government decision which came into effect on December 29, 2018 introduces […]
Electricity prices for industry to increase 14% – ERS general manager
Luka Petrović, general manager of public power utility Elektroprivreda Republike Srpske (ERS), has announced that prices for the industry will increase by 14% on average, but that they will still be the lowest in the Balkans. The announcement instantly riled up the Republika Srpska Chamber of Commerce and trade unions, which called for the electricity […]